X03F.DE vs. SYBB.DE
X03F.DE (Xtrackers II Eurozone Government Bond UCITS ETF) and SYBB.DE (SPDR Bloomberg Euro Government Bond UCITS ETF Dist) are both European Government Bonds funds - X03F.DE tracks the iBoxx® EUR Sovereigns Eurozone while SYBB.DE tracks the Bloomberg Euro Treasury Bond. Both are passively managed. Over the past 10 years, X03F.DE returned -0.56%/yr vs -0.63%/yr for SYBB.DE. Their correlation of 0.93 suggests significant overlap in exposure. X03F.DE charges 0.09%/yr vs 0.10%/yr for SYBB.DE.
Performance
X03F.DE vs. SYBB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, X03F.DE achieves a -0.38% return, which is significantly higher than SYBB.DE's -0.92% return. Over the past 10 years, X03F.DE has outperformed SYBB.DE with an annualized return of -0.56%, while SYBB.DE has yielded a comparatively lower -0.63% annualized return.
X03F.DE
- 1D
- 0.02%
- 1M
- -1.17%
- 6M
- -0.74%
- YTD
- -0.38%
- 1Y
- 0.10%
- 3Y*
- 2.02%
- 5Y*
- -2.62%
- 10Y*
- -0.56%
SYBB.DE
- 1D
- -0.41%
- 1M
- -1.81%
- 6M
- -1.32%
- YTD
- -0.92%
- 1Y
- -0.39%
- 3Y*
- 1.86%
- 5Y*
- -2.75%
- 10Y*
- -0.63%
X03F.DE vs. SYBB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
X03F.DE Xtrackers II Eurozone Government Bond UCITS ETF | -0.38% | 0.74% | 1.51% | 6.93% | -18.40% | -3.32% | 4.70% | 6.75% | 0.83% | -0.13% |
SYBB.DE SPDR Bloomberg Euro Government Bond UCITS ETF Dist | -0.92% | 0.84% | 1.47% | 6.82% | -18.49% | -3.36% | 4.68% | 6.72% | 0.84% | -0.08% |
Correlation
The correlation between X03F.DE and SYBB.DE is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 2011 | 0.93 |
Over the past year, the correlation between X03F.DE and SYBB.DE has dropped to 0.70 - well below their long-term average of 0.93, suggesting their price drivers have been diverging.
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Return for Risk
X03F.DE vs. SYBB.DE — Risk / Return Rank
X03F.DE
SYBB.DE
X03F.DE vs. SYBB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II Eurozone Government Bond UCITS ETF (X03F.DE) and SPDR Bloomberg Euro Government Bond UCITS ETF Dist (SYBB.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| X03F.DE | SYBB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 0.99 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.03 | -0.11 | +0.14 |
| Martin ratioReturn relative to average drawdown | 0.07 | -0.30 | +0.37 |
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Drawdowns
X03F.DE vs. SYBB.DE - Drawdown Comparison
The maximum X03F.DE drawdown since its inception was -22.47%, roughly equal to the maximum SYBB.DE drawdown of -22.70%. Use the drawdown chart below to compare losses from any high point for X03F.DE and SYBB.DE.
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Drawdown Indicators
| X03F.DE | SYBB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.47% | -22.70% | +0.23% |
Max Drawdown (1Y)Largest decline over 1 year | -3.48% | -3.64% | +0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -3.97% | -3.99% | +0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -21.57% | -21.74% | +0.17% |
Max Drawdown (10Y)Largest decline over 10 years | -22.47% | -22.70% | +0.23% |
Current DrawdownCurrent decline from peak | -14.42% | -15.05% | +0.63% |
Average DrawdownAverage peak-to-trough decline | -6.15% | -6.11% | -0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.46% | 1.28% | +0.18% |
Volatility
X03F.DE vs. SYBB.DE - Volatility Comparison
The current volatility for Xtrackers II Eurozone Government Bond UCITS ETF (X03F.DE) is 1.16%, while SPDR Bloomberg Euro Government Bond UCITS ETF Dist (SYBB.DE) has a volatility of 1.29%. This indicates that X03F.DE experiences smaller price fluctuations and is considered to be less risky than SYBB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| X03F.DE | SYBB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 1.29% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 3.73% | 4.32% | -0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.39% | 4.93% | -0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.33% | 6.40% | -0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.26% | 5.44% | -0.18% |
X03F.DE vs. SYBB.DE - Expense Ratio Comparison
X03F.DE has a 0.09% expense ratio, which is lower than SYBB.DE's 0.10% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
X03F.DE vs. SYBB.DE - Dividend Comparison
X03F.DE's dividend yield for the trailing twelve months is around 2.31%, less than SYBB.DE's 2.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SYBB.DE SPDR Bloomberg Euro Government Bond UCITS ETF Dist | 2.37% | 2.13% | 1.45% | 0.76% | 0.18% | 0.08% | 0.28% | 0.59% | 0.66% | 0.73% | 0.82% | 1.26% |
X03F.DE Xtrackers II Eurozone Government Bond UCITS ETF | 2.31% | 2.20% | 2.01% | 1.84% | 3.07% | 1.88% | 0.30% | 0.34% | 0.61% | 0.83% | 1.12% | 0.48% |
Frequently Asked Questions
X03F.DE and SYBB.DE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, X03F.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
X03F.DE is cheaper with a 0.09% expense ratio, compared with 0.10% for SYBB.DE.
X03F.DE tracks iBoxx® EUR Sovereigns Eurozone, while SYBB.DE tracks Bloomberg Euro Treasury Bond. They also come from different issuers: Xtrackers and State Street. Their fees differ too: 0.09% for X03F.DE and 0.10% for SYBB.DE.
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